tv Nightly Business Report PBS September 1, 2016 7:00pm-7:31pm PDT
this is "nightly business e report" with til mathison and sue h rare ra. > not s on tomorrow's jobs report as the riger for the f manufacturing sector shrinks. >> mission to mars and how nasa an attention to get people to the red planet sooner ather than la off-campus housing has the all of that and more for and welcome. i'm bill griffin in tonight for tyler mathison and i'm sharon epperson in for sue herera. it was a common belief that all of the data on wall street was
report and then it drirection ad would have all of thee t fate o rates, but then a funny thing happened on the way to friday. the data did not cooperate. today's raft of numbers gives came in at 29.4, below expectations, and shows the se pros on the street it is enough to keep the fed on the sidelines this month. the productivity in the secon s than originally thought, and labor costs rose. jobless claims rose, but the overall number is still better and toe sales cooling off in august and last year, and the annual rate came in under 17 million which is below the estimates, and as phil lebeau tells us that the industry's six-year run of the
higher annual an end. >> ask any auto dealer and they will tell you that business remains strong, but increasingly they as slow down. last month 3 of the 4 biggest auto drop. the lone exception being fiat chrysler who continue s s to se hav bee growing for six or seven years straight. we could not do it forever, and a six strait ing what is a years of annual sales climbing by at least one million vehicles, it appears that pent up demand for new vehicles has peeked and i pe e moving away from suvs as fiat chrysler saw sales slow. americans are looking for bigger and more versatility vehicles and trucks. >> the suv is kind of the new
benchmark car foe that you useo see the accords iconic brands and toyota, you will be seeing the crv as and the rav-4s take ov a those cars are far more profitable than sedans so that far overall indust may s are to remain record high as americans pay up for bigger and more versati vreport, i'm phil lebeau in chicago. so with all of that data and p the waiting numb game today, and the dow jones industri rose 18 points to 18,419, and the nasdaq rose 14, and the s&p 500 was off a tick. >> and another federal reserve oo time it is cleveland bank fed president loretta meese ter
measter who says t stre and a gradual rise in interest rates is is compelling in her view. >> and now the nation's private s sector emplo eliminate about 7,000 back office jobs which are typically the higher paid hourly e cuts ar part of the effort to have more employees working on the floor with customers and not in offices. >> apple ceo tim cook fired back $14 billion in back taxes. the eu's anti-trust regulator said that apple received unfair tax breakdecade, and cook told e irish independence that the rule was in his words "political crap" and he is confident it is going to be overturned. the space x falcon unmanned rocket exploded at the launch at
cape canaveral in advance of a planned launch sato injuries, b despit accident, the push town space does continue is mars.and priva it is ha going to the red planet, and as morgan brennan tells us tonight, it may be sooner than we think. >> reporter: the exhaust blast to out of the rs-25 rocket get from new york to l.a. in 15 inu propel the space launch system, the most powerful rocket ever built. packing a half million pounds of thrust, it will take four to u not as far off as you may think. >> we hope to get astronauts the martian va sicinity in thea
seeing today. >> reporter: that is about $3.5 billion annually just for this project. if it all goes according to planks nasa's team will make the 5 exi ere sis a lot of te today to get there. >> reporter: it is going to take ten months to get there. >> our astronauts have to be better trained and equipped and yet we will have to do it with smalr amounts that we have now. >> reporte a also nasa control with communication delays. >> it can be one minute to 22 months mars goes on the other side of the sun, and so we have a two- to three-week period where we cannot communicate at
astronaut have to administer their own medical care, and they have to be concerned with expose sure to the galactic radiation spun off supernovas. >> the amount of the particles throw off so much, that there is no way we can launch off of that mass. >> r cg cancer, but all of the science in the galaxy does not m atter if th go robotics, and commercial, and industry and international. we have to collectively use the best of the best to get there. >> reporter: that means resources to achieve mission self-sufficiency, and nasa and the partners are retro fitting automation, and the metal 3d printing, and it has been streamlining including boeing x
stage. and as evidenced tod whe the space falcon 9 rocket exploded on the launchpad just a the water from cape canaveral. reporting live from cape canaveral, florida. we get a lot of important information from satellites in space especially on storms. this is hurrher miemi, and e re last summweek of summer. and how will that impact labor day weekend? we go to talk to may mary, and ? >> well, it is not great timing a pretty big washout n the labo
there. i want to stress first-off though that it is a storm that has not made landfall yet, and go through.inue to track it, if it stays on the path that it is on, you're going to see heavy rain up and down the coast th e there. sp o of the coast, and have beach erosion, and high surf and all in all not what you want on we are assuming that the only way that people can spend money is outdoors, but they spend it indoor, and so even if they are stuck indoors they ca they want, right? >> absolutely. that is the one interesting thing about weather is that there's the physical impact, and people can go and i think that a right on the lot of to online
k cull thi about wardrobes and things like that. and weather really impacts the mood as well. we will see this all a business there is really opportunities there to capitalize on these things going forward. >> are there some leisure businesses that may really be entertait businesses and casinos along the coast? >> yes, you will be seeing the people in the indoor activities and people that are going to brave the rain will get out to do some outlet shopping and that, and the casinos are one that will see some draws there. at know, wanted to go to the coast, and maybe planned to go to the coast, and might head inland. so again, we have to watch the track of the storm. plans will adjust based on it. >> all right. certainly will. and read a book. coming up the costly tab that the states could be facing to ensure their voting systems are secures electn season.
donald trump is dealing with the aftermath of the immigration phoenix. john harwood is joining us from washington tonight with the rek a sh- reaction. what's it been, john? c well, first council resign today, and one said that he didn't wan applauding the messages that donald trump gave in phoenix last night, and the appearance in earlier in mexico city, and also some confusio messages. he goes to m at a photo-op and
meeting with president nieto, and it is a good picture and it is meant to be someone who is a statesman and diplomat, and when a different picture to serve up the red mea rhetoric that we have come to expect in the prim the vot ers that he is make of the message from the cha position in the race. >> has it changed the minds of the latino voters? has there been a significant change in the numbers who say they will or will not vote for tr tr among the latinos and a survey out to percentage points with the latinos. an latinos with 40 percentage point, and can donald trump do better than that? we have not seen ed of it so
far, but two months he has narrowed the gap to some h? >> yes. fox had a poll out yesterday that showed donald trump's lead at -- excuse me, hillary cl at 6%, and it had been to peaks she reached post convention after a successful convention after donald trump made mistakes are coming down late bit. six points is a substantial lead, and donald trump has a lot of work to do. >> john harwood in washington. thanks for joining us tonight. >> you bet. >> and with the election a s away, protecting the infrastructure against cyber attackldre states who are working to secure their voting systems are finding it could be an expensive fix. >> reporter: recent attempts to hack voter systems begs the question how secure are the state systems? >> as i have been researching
for the la of cyber threats. the campaign party and the database are really a weak target, and low-hanging fruit of the entire electoral infrastructuthmi this report by published in 2015 says when it comes to preventing a cyber attack, no state is scyber read. th michigan are more prepared than ot state bei target and the systems are older, and we have 2,000 jurisdictions with different voting systems and machines, and s assigne the administers thei machine as the little to no training in cyber security. >> reporte internet security expert joseph steinberg agrees. >> very often the states dedicate a smaller percentage of
the i.t. budget to security than does industry and the federal government. >> south carolina is under attack of an international ha hacker. $21 million, between payments to investigate the ma upgrading the kcomputer softwares. homeland security jeh johnson did say that he would designate voting systems critical infrastructu a currently, they are not so those in charge of those system s as are on the. some state and local governments may go with symantec and other security companies. >> the staa lot more on softwar.
>> and a new report causes genesco to cut its outlook. they say tha trends is to blame the lower than expected revenue. lids were also included. the shares were punished ending the day down 32%, to $4.79. sales were hit after a weak quarter earnings, and the company did top expectations with acquisiti and raised the sales outlook for the years, but t4% down to $57.. campbell soup said that a p product re organic foods cut in the sales which d the soup gian also saw the profits fall which
compa gave of th earnings guidance of the year, and below the targets, and the shares fl by 6% as a result to $56.91. bill diamond off shore said that brazil's petrobra has ended contracts two years early, and di they could take action, because they don't believe that petrobra had a legal reason to end the contract. verizon is raising the quarterly dividends 2% to $57 a share making it the tenth c consecutive p equity firm tpg begun talks of intel with the o potential takeov chip maker mcafee. and potential deal could be
worth $3 billion. the shares w to $36.02 it has been 13 years since the 9/11 attacks and that area of the new york financial district that has been devastated has been revitalized. cou ourtney resurgence. >> r new york city's financial district has seen a resurgence sind retail plays a part. rl earlier this the month, the its doors and while it is not full areally leased not every store is open. more than 100 brands including a apple stor sephora and kate spade, and meanwhile, there is also gucci and saks. >> i lived in new york for three years ago, and i have not been back since, and back then, this was under construction, and s q to see how modern everything looks. >> rep when the seaport district reopens next year, it
is kno retai brands. >> with the alliance, it projects to manhattan's lower retail scare footage will be 90% in five years and the rents are on the rise, too, the financial district ground floor retail rents are up 100% over the last decade, according to the real s key board of ne element of the redevelopment. many come to see the 9/11 museum, and the pools. has transformed over that period of time. it feels like it is new york again. it has taken a while, but it feels an organic part of the westd estimates that the 13 subways and train lines shuttle 13 million comm e vis the neigh next year. i'm here to fly out of jfk to rome today and i came a couple
of days early to see the city, and especially for the memorial and n business, but taking a break to go to see the museum. i think that what the a says about the period of time that has payork. >> for nightly business report, i'm courtney reagan in new york city. >> for more on the resurgence of lower ma can go to our website. nbr.com. an o dwellers ev well, that didn't take long. after six week, amazon and wells
faprogram offering college students discounts on private loans. amazon's so-called prime student members could have gotten a half percent discount off of the student loans if they applied for a new one with wells farg or consolidated owens burk no reason was given for the end og of the program. and for some college students it means living in large tricked out campus apartments. developer money into the projects as the demand increases. we have more from land dover, d maryland college park. >> reporter: at college park, this mother and daughter unload their groceries.
>> i like this that you don't get with dort have on suite bathrooms or in unit r, campusleying is standard at large u the country as landmark's c.a. v ve ev gre off of the quad. a lot toteres capital institutional investors needed to be educated on the space itself and what it meant to be student housing. we had to do a lot of convincing it l structures, but stable cash flow properties. >> reporte close to 48,000 new beds are expected to come to market in privately-owned student housing properties this fall. universities in the southeast are seeing the most accordingt . and the universities are actively r students who pay higher tuition
wh need for more are seeing the capital interest in the properties. >> repor as the competition heats up, so do the am menities. futn a outdoor k chens and media rooms, and game rooms, and c.a. v ventures is r i one of the newest properties at where else? colorado state university. >> by living at home, and having that certain lifestyle that they are accustomed to, it would be difficult for her to move into to a room with another person and just share a space. >> reporter: of the amenities comeal . e apartments can cost 10 to 50% more than a campus dorm room depending on the unit and the meal plan and apparently enough parents are willing to pay for it. this couple is moving their son accommodate
depending on the circumstances, yes. yeah. it is not a blank check, you know. not the four seasons. >> reporter: maybe not, but it is close. for "nightly business report" i'm diana olick in college par it is close. m sharon epperson and thank s you for watching. this is the time of th year th the public television stations need your support. >> i'm bill griffin, and we thank you for your support. .hank you,
larriva: it's like holy mother of comfort food.ion. woman: throw it down. it's noodle crack. patel: you have to be ready for the heart attack on a platter. crowell: okay, i'm the bacon guy. man: oh, i just did a jig every time i dipped into it. man #2: it just completely blew my mind. woman: it felt like i had a mouthful of raw vegetables and dry dough. sbrocco: oh, please. i want the dessert first! [ laughs ] i told him he had to wait.